The World Bank (March 2021) The COVID-19 pandemic has triggered one of the largest economic downturns since the Great Depression. Beyond its devastating effect on health, morbidity, and mortality, the pandemic shook economies and labor markets around the globe, leaving no firm, worker, and household untouched. Governments responded to the crisis with a series of public health and containment measures that deeply affected societies and economies, including the supply and demand for goods, capital, and labor.
Shocks & extreme events
The U.S. Senate approved a Republican measure setting federal unemployment benefits for those made jobless by the coronavirus pandemic at $300 per week, as part of President Joe Biden’s $1.9 trillion COVID-19 relief bill.
Considering that the risk of the pandemic still exists, some enterprises may be under great financial pressure, the policy of phased reduction of premium rates of unemployment insurance and work injury insurance will be extended for another year until 30 April 2022.
Monash University (12.04.2021) As the pandemic-related shutdown intensified across Australia from March 2020, temporary and undocumented migrants and their advocates warned of devastating impacts on migrant workers and international students who were simultaneously losing their incomes while being excluded from social security benefits.
Those who receive disability pension must submit the disability pension medical certificate to the Japan Pension Service by the deadline, and if it is not submitted by the deadline, the disability pension payment is usually suspended. It will be.
Close to 23 million low-income individuals from Metro Manila, Rizal, Bulacan, Cavite, and Laguna will receive an in-kind doleout worth ₱1,000. The aid will be limited to a maximum of four members per family.
The government decided to increase the monthly transfer of their universal social pension by 20 per cent. This is another bold step from the government, which follows on from becoming in 2016 the first country in the Eastern African region to offer social pensions to older people.
The World Bank Board of Executive Director approved today a $10 million Development Policy Operation (DPO) for São Tomé and Príncipe (STP) to support the government's response to the human and economic impact of the COVID-19 pandemic as well as economy-wide and sectoral reforms for a stronger, more resilient recovery.